NorAm Drilling AS (STU:TM9) Retained Earnings : €-43.93 Mil (As of Dec. 2024)

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What is NorAm Drilling AS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NorAm Drilling AS's retained earnings for the quarter that ended in Dec. 2024 was €-43.93 Mil.

NorAm Drilling AS's quarterly retained earnings increased from Jun. 2024 (€-43.41 Mil) to Sep. 2024 (€-41.47 Mil) but then declined from Sep. 2024 (€-41.47 Mil) to Dec. 2024 (€-43.93 Mil).

NorAm Drilling AS's annual retained earnings increased from Dec. 2022 (€-63.68 Mil) to Dec. 2023 (€-44.25 Mil) and increased from Dec. 2023 (€-44.25 Mil) to Dec. 2024 (€-43.93 Mil).

NorAm Drilling AS Retained Earnings Historical Data

The historical data trend for NorAm Drilling AS's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NorAm Drilling AS Retained Earnings Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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-54.33

-62.25

-63.68

-44.25

-43.93

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial											-44.25	-42.73	-43.41	-41.47	-43.93

NorAm Drilling AS Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

NorAm Drilling AS (STU:TM9) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

NorAm Drilling AS Business Description

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NORAM:Norway TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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